# Equal Weight better sharpe than Tangency portfolio

Could you explain to me what it means to have better Sharpe Ratio in Equal Weight portfolio than tangency portfolio (max sharpe). Thank you.

At time t two people invest: A invests in the Max Sharpe Ratio portfolio and B invests in the Equal Weighted Portfolio. At time $$T > t$$ we compare the results: it is possible that (ex-post) the Sharpe ratio of B turned out bigger than the Sharpe ratio of A.